Clara Resources Australia (ASX:C7A) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Clara Resources Australia Long-Term Capital Lease Obligation?

Clara Resources Australia's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Clara Resources Australia's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$0.05 Mil) to Jun. 2022 (A$0.04 Mil) and declined from Jun. 2022 (A$0.04 Mil) to Jun. 2023 (A$0.00 Mil).

Clara Resources Australia Long-Term Capital Lease Obligation Historical Data

The historical data trend for Clara Resources Australia's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Clara Resources Australia Long-Term Capital Lease Obligation Chart

Clara Resources Australia Annual Data

Trend

Jun14

Jun15

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Jun18

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Jun20

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Jun23

Long-Term Capital Lease Obligation

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0.05

0.04

Clara Resources Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.04	-	-	-

Clara Resources Australia (ASX:C7A) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Clara Resources Australia Long-Term Capital Lease Obligation Related Terms

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Clara Resources Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clara Resources Australia Ltd (ASX:C7A) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

111 Eagle Street, Level 27, Brisbane, QLD, AUS, 4000

Website

https://www.clararesources.com.au

Clara Resources Australia Ltd is an Australia-based multi-commodity exploration and production company. The projects of the company are Taronga Tin Project, Granville Tin project, Mackenzie coal project, Ashford Coking Coal Project, Kilkivan Project, Mt cobalt, and Pembroke project. The company's principal activities includes exploration for coal, nickel, and other commodities.

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